ESOP Stock means Employer Stock acquired with the proceeds of an Exempt Loan, as defined in Supplement A.

ESOP Stock means the outstanding shares of non-voting preferred stock of Smitx Xxxhnology.

Examples of ESOP Stock in a sentence

Each Participant is solely responsible for any decision to defer compensation into his or her EDCP Stock Account, and to retain in his or her ESOP Stock Account any amounts credited thereto, and to transfer amounts to and from his or her Stock Accounts.
The Plan Administrator shall credit to the ESOP Cash Account of each Participant any cash dividends paid to the Trustee on shares of Company Stock held in that Participant’s ESOP Stock Account as of a record date.
Shares of Company Stock received by the Trustee that are attributable to stock dividends, stock splits or to any reorganization or recapitalization of the Company shall be credited to the Participants’ ESOP Stock Accounts so that the interests of Participants immediately after any such stock dividend, split, reorganization or recapitalization are the same as such interests immediately before such event.
Indeed as the Minister responsible for restoring financial stability if such a step where contemplated I would have to advise the government that financial stability could not be achieved.
Any such dividends with respect to shares of Class 1 Non-Voting Preferred Stock for which the allocation under Section 5.4 has been completed as of the dividend record date shall be allocated to the Participants' ESOP Cash Accounts pro rata, according to the number of such shares held in the Participants' ESOP Stock Accounts on the dividend record date.

More Definitions of ESOP Stock

ESOP Stock means all of the Borrower's stock acquired by the ---------- ESOP with the proceeds of the ESOP Note.

ESOP Stock means any class of common stock or preferred stock convertible into common stock of the Employer or an Affiliated Company that is held in the Chemung Canal Trust Company stock fund. If any employer securities are acquired with the proceeds of an Exempt Loan, unallocated ESOP Stock shall remain in a suspense account described in Section 6.6 until allocated to Participants’ ESOP Accounts pursuant to that Section.

ESOP Stock. Goulx Xxxitration Award", "Goulx Xxxtlement Agreement", "Intangible Assets, "Joint Venture Arrangement", "Mutual Pharmaceutical Settlement Agreement", "Net Worth", "PRP Group", "Stock Repurchase Agreement", and "U-Max Litigation", and the definitions thereof, are added to Paragraph 1 in the appropriate alphabetical order:

ESOP Stock means Class B common stock of Berkshire Hathaway Inc. that, in accordance with Article XVI, is either (a) held in the Suspense Account, (b) contributed to the Plan by the Employer as an Employer ESOP Contribution, (c) purchased by the ESOP Trustee with that portion of an Employer ESOP Contribution that is made in cash and not applied toward payment of an Exempt Loan, or (d) allocated to ESOP Accounts.

ESOP Stock means all of the Borrower's stock acquired by the ESOP

ESOP Stock. Fifth Amendment", "Goulx Xxxitration Award", "Goulx Xxxtlement Agreement", "Gravers Settlement Agreement", "Intangible Assets, "Joint Venture Arrangement", "Maturity Date", "Mutual Pharmaceutical Settlement Agreement", "Net Worth", "Note", "PRP Group", "Repayment Conditions", "Stock Repurchase Agreement", "U-Max Litigation", and "Winsxxxx Xxxtlement Agreement", and the definitions thereof, are added to Paragraph 1 in the appropriate alphabetical order: